. >> and market education? >> it can be, look for example, in retrospect, it is obvious, the banks need a higher capital assets. >> right. >> that requires regulation. >> and higher capital requirements? >> yes, they did. and the systemic risks were far too buying and you need to regulate properly to do that and in the uk we are trying to get a greater separation between the retail side of banking and the investment side of banking. so look, the lesson of 2008, market reform is essential, under regulated markets have a tendency to crash. but let's not think that somehow that means that an old-fashioned state is going to be the answer. i mean, let's give you an example which may be to american eyes is challenging. we have a national health service. >> right. >> which. >> we had one for a while. >> >> tax funded, universal service for all britains use it. we know we need to reform that, we need to reform it so that we get much greater responsibility of citizens as well as clinicians because we know that in diabet